Dechert LLP has advised Nordic Capital on the deal, while Willkie Advises Insight Partners and Other Sellers.
Nordic Capital closed its agreement to invest in Duco Technology Limited and acquire a majority shareholding from CME Group Inc., Insight Venture Partners and Eight Roads Ventures. Nordic Capital’s established presence in the technology and payments sector, as well as its operational resources, are expected to boost Duco’s existing capabilities in response to a rapidly growing data automation market.
Headquartered in London, Duco provides cloud-based Software as a Service (SaaS) aimed at helping companies in the financial services, insurance and fintech industries manage data more efficiently by replacing complex data management procedures with a user-friendly, machine learning-powered platform. Duco’s software is used by 14 of the top 40 global banks, as well as leading asset managers, payments innovators, crypto exchanges and custodians, and insurers.
Nordic Capital is an active, engaged owner that works in close collaboration with portfolio companies, accelerating growth and often identifying truly transformative angles. As a leading European private equity investor, Nordic Capital helps to grow stronger sustainable companies.
The Dechert London-based team advising Nordic Capital included partners Ross Allardice (Picture) and Mark Evans; associates Tony Brown, Jamal Tuhin, Thomas Clarke, Anthony Frost and Rose Limaye; and trainee Charles Ashie.
The Willkie deal team was led by partner Philip Coletto and associate William Buchanan and included partner Matthew Guercio.
Involved fees earner: Ross Allardice – Dechert; Tony Brown – Dechert; Thomas Clarke – Dechert; Mark Evans – Dechert; Anthony Frost – Dechert; Rose Limaye – Dechert; Jamal Tuhin – Dechert; William Buchanan – Willkie Farr & Gallagher; Philip Coletto – Willkie Farr & Gallagher; Matthew Guercio – Willkie Farr & Gallagher;